Wedbush Securities Inc. and Lime Brokerage LLC Announce Clearing & Execution Partnership with CQG, Inc.
Marketwired – LOS ANGELES, CA– Wedbush Securities and Lime Brokerage are pleased to announce a new partnership with CQG, teaming up to offer both clearing and execution services across multiple asset classes. Wedbush will combine CQG’s extensive execution platform with Lime’s leading equity execution technology in order to provide clients with access to futures markets globally and domestic equity markets through one unified platform. Advanced clearing services will be provided by Wedbush for both asset classes.
Wedbush, powered by Lime technologies, provides a seamless trading solution for clients to trade futures and equities, taking advantage of the inherent synergies and hedging opportunities between the two.
“Lime provides smart, fast, and safe solutions to real-time performance challenges while maintaining the reliability that has earned it the industry’s trust. This reputation will be greatly enhanced by our partnership with CQG, its products and extensive distribution network,” states Tony Huck, President and Chief Operating Officer at Lime Brokerage.
“We are excited to be partnering with Wedbush and Lime to provide order routing for equities. Together we are opening up more avenues for traders,” said Pat Kenny, Senior Vice President of Client Relations at CQG.
CQG provides high-performance trade routing, global market data, and advanced technical analysis. CQG partners with more than one hundred Futures Commission Merchant environments and provides Direct Market Access to more than forty-five exchanges through its global network of co-located Hosted Exchange Gateways. CQG’s server-side order management tools for spreading, market aggregation, and smart orders are unsurpassed for speed and ease-of-use. CQG’s market data feed consolidates more than seventy-five sources, including exchanges worldwide for futures, options, fixed income, foreign exchange, and equities as well as data on debt securities, industry reports, and financial indices. CQG has received the Prop Traders’ ISV of the Year award from FOW, the Best Technical Analysis Platform award from The Technical Analyst, and its multi-asset trading platform, CQG One, was named Best Product for Traders by Finance Magnates. CQG is headquartered in Denver, Colorado with sales and support offices worldwide.
About Wedbush Securities
Founded in 1955, Wedbush Securities is a leading investment firm that provides brokerage, clearing, investment banking, equity research, public finance, fixed income, sales and trading, and asset management to individual, institutional, and corporate clients. Headquartered in Los Angeles, with nearly 100 offices nationwide, the firm focuses on a dedication to quality service, client financial safety, continuity, and advanced technology. Wedbush Securities is the largest subsidiary of holding company WEDBUSH, Inc.
About Lime Brokerage
Lime Brokerage offers the industry’s most advanced trading technologies and execution services, providing traders superior access to the most automated, high-volume electronic trading markets. Lime’s systems provide unsurpassed reliability and scale with exceptionally low latency. Developed to handle the demands of the automated and electronic trading community, Lime’s technology caters to a diverse and sophisticated client base. The result is a robust, highly reliable, agency-only system that includes market data and trading platforms. It allows clients to trade efficiently and anonymously across all major lit and dark market venues.
LCH SwapAgent registered over 10,000 trades in 2021, a five fold increase.
Overall trading volumes across all products fell 8% from 2020.
Klimpel won Excellence in Human Clearing at Markets Media Group’s 2021 Women in Finance (U.S.) Awards.
Expansion to buy side increases multilateral netting opportunities for members.
RQD said it offers the first clearing platform built entirely on cloud-native, real-time technology.